Direct tax collections up 27 percent in April-July
August 12th, 2011 - 9:10 pm ICT by IANSNew Delhi, Aug 12 (IANS) Gross direct tax collection increased 26.63 percent to Rs.1,32,542 crore in April-July this year as compared to Rs.1,04,668 crore during the same period last year, on the back of sharp jump in the collection of corporate taxes, official data showed Friday.
Gross collection of corporate taxes jumped 29.56 percent to Rs.85,222 crore in the first four months of the fiscal period as compared to Rs.65,776 crore during the corresponding period of last year, according to the data released by the Central Board of Direct Taxes (CBDT).
Collections from personal income tax increased by 21.64 percent to Rs.47,214 crore during the period under review.
However, the net collections of direct taxes declined because of almost two-fold jump in tax refunds.
Net collections of direct taxes declined to Rs.78,679 crore in these months from Rs.85,647 crore in the same period last year. Tax refunds during this period increased 183.18 percent to Rs.5,863 crore.
Wealth tax collection increased 38.67 percent at Rs.104 crore.
However, collections of securities transaction tax declined 5.87 percent at Rs.1,555 crore in these months as against Rs.1,652 crore during the corresponding period of last year.
- Gross direct tax collection up 26 percent - Sep 08, 2011
- Direct tax collections rise 14.6 percent in April-January - Feb 08, 2012
- Direct tax collection in Q1 up 24 percent - Jul 07, 2011
- Direct tax mop-up jumps 21 percent - Mar 09, 2011
- Direct tax revenue up 18 percent to Rs.2,04,351 crore - Nov 04, 2010
- Indirect tax mop-up surges 46 percent to Rs.1,24,170 crore - Sep 14, 2010
- Indirect tax collection rises 17 percent - Dec 09, 2011
- Delhi sees 23 percent increase in tax collection - Jan 18, 2012
- Direct tax collection up 18 pc in April-November - Dec 07, 2010
- Chandigarh region records 38 percent income tax growth - May 18, 2011
- Direct tax collections up nearly 4 percent - Jul 22, 2009
- Direct tax mop-up jumps 19 percent, beats target - Oct 19, 2010
- Indirect tax collections up 42 percent in eight months - Dec 15, 2010
- April-July indirect tax collections rise 46 percent - Aug 12, 2010
- Government hopes to meet indirect tax collection target - Feb 08, 2012
Tags: corporate taxes, crore, direct taxes, fiscal period, four months, New Delhi, personal income tax, rs 1, rs 65, tax collections, tax refunds, transaction tax, wealth tax